BATS debut hits snag; IPO trading halted

SAN FRANCISCO (MarketWatch) - The public trading debut of BATS Global Markets
BATS, +1.60%
hit a snag Friday after trading in the stock was halted late morning. IPO Boutique said the halt was due to a "system overload," saying it appeared that the opening price for the stock was also incorrect. Shares of the electronic trading platform company were down 4.7% at $15.25 at last check, but had plummeted by more than 90% earlier. BATS shares priced at $16, at the low end of its range of $16 to $18.

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